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Toronto Condo Sales Return to Normal
From Yourhome.ca
Sales of lowrise homes in 2012 plummeted to the second-lowest level since 2000, while the GTA condo market experienced its fourth best year on record, according to a report released this week by RealNet Canada Inc.
“We’re dealing with a detached reality,” notes RealNet president George Carras, who unveiled the 2012 housing market numbers at a joint press event with the Building, Industry and Land Development Association (BILD) in Woodbridge Wednesday morning.
“While everybody has been looking at the highrise market, their eyes have been completely taken off of what’s happening in the detached-home market. And what’s been happening in the detached market is kind of shocking.”
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